Oil and Gas Industry Latest News

04.03.2016 LUKOIL Presents 2013 – 2014 Sustainability Report

On March,3 LUKOIL presented the Group’s “Report on Sustainable Development in the Russian Federation, 2013 – 2014”.

03.03.2016 LUKOIL and Bashneft Begin Drilling First Exploration Well On Prospect In Nenets Autonomous District

On March,2 VOSTOK NAO, a joint venture of LUKOIL (50%) and Bashneft (50%), has begun drilling exploration well No.1 on the Yuzhno-Visovaya prospect in Severo-Yareyyaginsky block located in the Nenets Autonomous District.

03.03.2016 Bank of China to Provide Gazprom with EUR 2 billion Loan

Gazprom and Bank of China Limited, London Branch entered today in Shanghai into a five-year EUR 2 billion loan facility agreement.

01.03.2016 LUKOIL Expands Its Resource Base In Timan-Pechora Petroleum Province

PJSC LUKOIL has increased recoverable reserves of the Vostochno-Lambeyshorskoye field in the Republic of Komi by more than 6 times to 42.218 million tons.

29.02.2016 NOVATEK Announces Consolidated IFRS Results for the Year Ended 31 December 2015

OAO NOVATEK released its audited consolidated financial statements for the year ended 31 December 2015 prepared in accordance with the International Financial Reporting Standards (“IFRS”). 

29.02.2016 Eni's New Successful Exploration Activities in Egypt

Eni successfully drilled a new well in the Nooros East exploration prospect, in the Abu Madi West license and it also completed the drilling of the Zohr 2X well, first appraisal well of Zohr discovery, in the Shorouk block.

24.02.2016 TANECO’s Laboratory Has Successfully been Accredited

The Central Laboratory of the Refinery and Petrochemical Plants Complex and its two divisions: the industrial environmental monitoring laboratory and  oil products testing laboratory of JSC TANECO, established on the basis of the  quality control laboratory have passed t

24.02.2016 Fugro Provides Offshore Survey And Positioning Services At Flagship Angolan Project

Fugro is to provide offshore survey and positioning services at the Kaombo oil development offshore Angola.

20.02.2016 Rosneft,PDVSA Signed Heads of Agreement for Joint Development of the Offshore Natural Gas Project in Venezuela

Rosneft and PDVSA signed Heads of Agreement to establish a joint venture for implementation of the large-scale project for production, treatment and sale of natural gas at the offshore fields Patao, Mejillones and potentially Rio Caribe in Venezuela.

19.02.2016 TATNEFT Has Received a License for Waste Management

PJSC TATNEFT has received a license of the Federal Service for Supervision of Natural Resources to carry out the activities for collection, transportation, processing, recycling, disposal and utilization of hazard class I-IV wastes.